$5,937 Closing Credit*
$499,999
1,000 SqFt
2 Beds
•1 Full Bath
Listing Office: Keller Williams Realty NYC Grp
Is Pelham Gardens, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Pelham Gardens was a Neutral Market.
Key Takeaway
Pelham Gardens is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pelham Gardens, NY
How much do homes in Pelham Gardens, NY cost?
Median Sold Price
$726,000
$408/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$41,000(+6.0%)
Key Takeaway
Homes in Pelham Gardens have sold for 6% more than they did a year ago.
Summary: The median home sold price in Pelham Gardens was $726,000 in November 2024, up 6% from last year, and the median price per square foot was $408.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $537.5K | $520K | -3.3% |
| 3 Bedrooms | $662.5K | $662K | -0.1% |
| 4 Bedrooms | $705K | $845K | +19.9% |
| 5+ Bedrooms | $849.5K | $870K | +2.4% |
Summary: Pelham Gardens housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.3%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Laconia | $685K | $775K | +13.1% |
| Pelham Gardens | $685K | $726K | +6.0% |
| Pelham Bay | $735K | $672.5K | -8.5% |
Housing Supply in Pelham Gardens, NY
How many homes are available in Pelham Gardens, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 29 | -17.1% |
Summary: The Pelham Gardens real estate market had 29 homes for sale in November 2024, a 17.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 17 | 15 | -11.8% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Pelham Gardens housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pelham Gardens, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Pelham Gardens in November 2024, up by 50.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Pelham Gardens, NY
How long does it take to sell a home in Pelham Gardens, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 44 Days | +23.0% |
Summary: Homes in Pelham Gardens had an average of 44 days on market in Nov 2024, up by 23% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pelham Gardens has remained consistent over time.
Summary: During November 2024, 9 homes were sold in Pelham Gardens; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. 
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